Bitcoin Price Eyeing New Highs Before July, Investors Scoop Up Dogecoin and Remittix As Explosive Breakouts Near
Bitcoin’s price has sustained a rebound, with its price now above $107K after a dip that saw it drop below $100K, albeit briefly. More shake-ups are on the way, with of plans by United States President Donald Trump to replace Fed Chair Jerome Powell.
Should Powell be pushed out, Trump would most likely replace him with someone who is open to cutting interest rates further. Talks of a return to “easy money” have sparked excitement not only on Bitcoin’s price but also at the Dow Jones, which climbed 300 points.
Now that Bitcoin’s price has established support above the $100K price mark, a clear chance for a second leg up is possible. Could this make BTC surpass its previous ATH? Well, top analysts agree, as seen by their bullish forecasts that set Bitcoin price targets above $200K by the year’s end.
Technically, Bitcoin’s price is forming a textbook cup-and-handle pattern on its annual timeframe. This is a bullish continuation pattern from which Bitcoin’s price could break out soon.
